This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6936676.stm
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| C&G announces 31 branches to shut | C&G announces 31 branches to shut |
| (10 minutes later) | |
| Finance firm C&G has said that it is to close 31 branches across the UK, resulting in the loss of 315 jobs. | |
| C&G, formerly known as the Cheltenham and Gloucestershire Building Society, said that internet banking meant fewer customers were using some branches. | C&G, formerly known as the Cheltenham and Gloucestershire Building Society, said that internet banking meant fewer customers were using some branches. |
| The firm, which has 195 outlets, is owned by Lloyds TSB. | The firm, which has 195 outlets, is owned by Lloyds TSB. |
| C&G said that most customers who lost their local branch would find another outlet in a neighbouring town and could also use Lloyds branches. | C&G said that most customers who lost their local branch would find another outlet in a neighbouring town and could also use Lloyds branches. |
| "Closing branches is never a decision that we take lightly," said C&G's managing director Jon Pain. | "Closing branches is never a decision that we take lightly," said C&G's managing director Jon Pain. |
| "But with more customers taking advantage of technology, the number of customers coming through the doors in these particular branches has fallen. | "But with more customers taking advantage of technology, the number of customers coming through the doors in these particular branches has fallen. |
| "By closing these branches where customer use has dropped, we can invest in the branches that customers do use." | "By closing these branches where customer use has dropped, we can invest in the branches that customers do use." |
| C&G focuses on providing mortgages, savings and other financial products. |